New Construction
For Sale
$699,900
86 Lynch Street, Providence, RI 02908
Two units feature hardwood flooring, modern kitchens, and stainless steel appliances.
Property Size2,100 SF
Price / SF$333.29
Days on Market48
Property Features for 86 Lynch Street
General Information
Standard status
Active
Size
2,100 SF
Property subtype
MultiFamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
2025
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Lockandkeyre
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 12 at 8:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Limitless
Investment Insights
Based on property information with market context.
This 2025 duplex contains two residential units within approximately 2,100 square feet of newly constructed space. Both residences feature contemporary layouts, hardwood flooring, abundant window light, and kitchens equipped with modern finishes and stainless steel appliances. The property is nearing completion and includes a large unfinished basement for storage and future use.
Located in Providence, the home is near major highways, public transportation, shopping, dining, and other local amenities. Its two-unit configuration provides a clear multifamily layout, while the new construction and updated interior features support modern residential occupancy upon completion.
Located in Providence, the home is near major highways, public transportation, shopping, dining, and other local amenities. Its two-unit configuration provides a clear multifamily layout, while the new construction and updated interior features support modern residential occupancy upon completion.
Key Highlights
- Two‑family duplex nearing completion
- 2025 construction with approximately 2,100 square feet
- Hardwood flooring and contemporary layouts in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,461
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,220
$709.2K
Cap Rate 7%
$506,586
$506.6K
Cap Rate 9%
$394,011
$394.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$54.2K $25.80/SF
− Vacancy
−$3.5K −$1.68/SF
EGI
$50.7K $24.12/SF
− OpEx
−$15.2K −$7.24/SF
NOI
$35.5K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,220
Cap Rate 7%
$506,586
Cap Rate 9%
$394,011
Alternative Uses
Best Use
Multifamily LT 5
$506.6K
$443.3K – $591.0K
NOI $35,461 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$455.0K
$398.2K – $530.9K
NOI $31,852 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$702.6K
$614.8K – $819.7K
NOI $49,180 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two units feature hardwood flooring, modern kitchens, and stainless steel appliances.
Where is this duplex located?
The property is located at 86 Lynch Street Providence, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family duplex nearing completion; 2025 construction with approximately 2,100 square feet; Hardwood flooring and contemporary layouts in both units
